Update, Canada’s economy from 10,000 feet

Important Snippets From Today’s Commentaries Snippet #1: To put Canada’s fiscal 2013 Federal deficit projection in some perspective, per capita (per person) it is about one-sixth of the current forecasted U.S. Federal deficit for the current U.S. fiscal year which ends on September 30. Snippet context: The idea here is that while no Federal Government deficit is good in the long run, the deficits the U.S. is running are clearly unsustainable. Snippet #2: To put Canada’s ‘economy from 10,000 feet’ into further perspective, Canada’s economy is very far from an isolated one in world terms. If the world economy deteriorates further, and it all signals seem to point that way, it is unlikely Canada’s Federal Government will be able to realize on their ‘return to Federal surplus’ forecasts by fiscal 2016.